Next week may be the last window for a bullish sprint—Goldman Sachs predicts: in the coming week, CTAs will buy approximately $45 billion worth of U.S. stocks, and the crypto market is expected to benefit!

Currently, BTC and ETH are maintaining a low-volume consolidation, and the market has clearly entered a wait-and-see phase, awaiting weekend results. However, there is no obvious panic in the crypto or U.S. stock markets for now, oil prices remain suppressed below $100, and there is a high probability of a rebound next week.
1. According to the latest news, although both the U.S. and Iran still maintain tough rhetoric, their actions have already spoken volumes. Iran has stated that as long as the prerequisites are accepted, negotiations can be initiated. Meanwhile, Trump is sending strong signals externally, claiming that if negotiations fail, the U.S. is ready to reload and resume strikes on Iran; on the other hand, a senior Iranian delegation has arrived in Islamabad, and U.S. Vice President Vance has also set out for Pakistan. At least from an implementation perspective, this negotiation is likely to proceed as scheduled. Both sides are still following the old path of “pressuring while negotiating.”
The current market pricing logic is very clear: investors are more inclined to bet that the situation will not spiral out of control immediately but will develop toward a broader ceasefire agreement.
2. The most critical economic data last night: U.S. March CPI rose 3.3% year-over-year, and 0.9% month-over-month, both in line with expectations but significantly stronger than previous figures. Excluding food and energy, core CPI was not bad: up only 0.2% month-over-month, below the expected 0.3%; and up 2.6% year-over-year, also below expectations. This indicates that the current core inflation problem is not due to a re-acceleration of domestic demand but temporarily driven by oil price shocks caused by the war, which have temporarily elevated overall inflation data.
3. The real determinant of next week’s direction will be whether the weekend U.S.-Iran negotiations can deliver sufficiently clear signals of de-escalation. If negotiations go smoothly, oil prices will continue to fall, risk appetite will recover, and combined with potential CTA buying, U.S. stocks may see a bullish surge, followed by a rebound in the crypto market;
But if negotiations break down, the previously suppressed geopolitical risk premium will quickly rebound, though this probability is below 50%. Otherwise, both sides wouldn’t be seriously staging this show.